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Search Results 0 to 49 of about 85 (some duplicates have been removed)
14% in taxes and corporations pay 0%, and you raise more, you can have us a big deal here. >> they're still drawing lines in the sand that seem insurmountable with weeks to go before the august 2 deadline, congressional leaders are heading back to the white house today for yet another meeting to reach a deal on raising the country's debt ceiling. officials familiar with the negotiations say majority leader eric cantor dominated yesterday's meeting. cantor laid out what was agreed upon in the deficit reduction talks led by vice president biden, specifically $2 trillion in cuts in the next decade. the figure includes $1 trillion in discretionary spending. $200 billion in medicare and medicaid. and $200 billion to $300 billion on saved interest in the debt. >> so the military -- the military, i guess, comes in in the mandatory discretionary spending. >> military. >> sources familiar with the talks add that after the presentation president obama said the two sides might be able to reach consensus on roughly $1 pp 7 trillion. but there are still some issues to resolve. at one point in t
>>> big news in washington this morning. one debt ceiling deal appears dead. will a critical meeting later today help save the american economy? new details about how the cia tracked down osama bin laden. the story of one analyst's dogged determination to get the leader. >>> rolling out the red carpet. the british royal company meets and greets some hollywood's biggest royalty. the scoop and buzz from their trip. >>> the 10 million mile man. you're going to meet the guy who just set a new record for the most flights on an airline ever. pretty cool stuff. good morning. i'm thomas roberts in for alex witt today. thanks for joining us. we get right to it. two big issues are making headlines this morning in washington. jobs and the debt ceiling talks. treasury secretary tim geithner appeared on "meet the press" with host david gregory. >> it's going to take a long time still. h is a very tough economy. i think for a lot of people it's going to feel very hard, harder than anything they've experienced in their lifetime now for some time to come. that is because that is the tragic e
tough choices for a big budget deal. today he said without a deal there may not be enough money to send out social security checks. for many republicans in congress, opposing tax has become more than ideology. it's become religion. they're abdicating now their responsibility to co-govern. how are we ever going to get a deal if republican leaders more afraid of the tea party than they are of the economic collapse to come? >>> also, pray away the gay. michele bachmann's husband says the christian counseling practice he runs does not try to pray gay straight, but the video tells a different story. this may make michele bachmann more popular with her base, but what after everyone else? >>> plus, the murdoch scandal keeps getting bigger and bigger. gordon brown told the bbc that murdoch people used known criminals to get access to his personal information and try to bring down his government. the story has now hit the "sunday times" of london and his company stock is sinking. how bad will this get? jon stewart and british ex-pass had fun, a lot of fun, actually, with the murdoch story. that'
the crunch day is actually august 3rd, that's the day when the government has a big $23 billion social security payment and it has between $10 billion and $12 billion in tax revenue coming in. i think the really big issue for the treasury is going to be how it distinguishes between, if you will, paying back the money it already owes, paying back the government bond holders, and paying its ongoing running costs, things like social security, medicare, medicaid, military salaries and so forth, and i think the betting is that the government will put, will give a priority to paying the bills it already owes, to paying the bond holders, simply because if you don't do that, you go into massive default, and the whole global financial system i think really starts getting shaky, but not paying some of the big government commitments within the united states, that's going to get painful pretty fast. >> not paying the social securitys, the medicares, the medicaids of the world or even our defense budget that's as big of an issue for many in many mind as defaulting on our debt which would be a nonpa
and those three-month lows for the euro so pretty bleak picture. >>> at the united states a big sell-off on wall street. major averages tumbled, major worries. financial and technology shares were among the biggest losers on monday, bank of america, citigroup, jpmorgan chase and wells fargo all closed roughly 3.5 to 5.5% lower, so really this is touching off fears of a broader financial crisis and don't let's forget the whole situation of the biggest slowdown in the world economy since the 1930s started with the financial crisis and now the worry is with he might go there again. at the close of the play there were triple digit losses for the dow, nasdaq, each closed roughly 2%. painful, pauline. >> let's look at the stock market futures and trading session in the u.s., it's right across the board as well, here's where the u.s. futures stand in premarket action the dow poised to open down by almost 1%, about the same amount for the nasdaq. the nasdaq ended monday's session down 2%, so that's not good news there. also the s&p 500 poised to start the session on tuesday down by 1.25%. we
're coming back to court at a later date? we will discuss that. >> that's a big question right now. >>> let's start with this. first, runway collision between two jets in boston last night. nearly 300 people on board and two delta jets preparing for takeoff from logan international. both departures to an abrupt stop stop. >> reporter: both planes were preparing to take off when this collision happened. no one seriously injured. the passengers we talked with say they felt a jolt and that was pretty shocking but, overall, everyone remained calm. it happened about 7:40 thursday evening. the wing of delta flight 266 a jumbo jet, clipped the tail of a delta commuter flying atlantic southeast flight 1904 heading for raleigh, north carolina. those in the cockpit remained calm. >> going to have to wait here for a moment. i think we hit the r.j. off of her left with our wing. >> reporter: the planes were on taxiways that run nearly perpendicular to each other. the 76. was moving. the smaller plane was stationary and received the most damage as the left wing of the la
points of a plan-- no details. but what we can probably gather from this plan-- it has big tax increases in it and all the spending cuts will happen in the out years. well, how many times do politicians think they can pull that one over on the american people? >> reporter: the split among republicans made it difficult for party leaders to determine just what might pass the house. whatever it turns out to be, it still must be acceptable to senate democrats and ultimately to the president. this morning, the senate's majority leader democrat harry reid challenged house speaker john boehner to take matters in hand. >> right now, i'm at a point where we need to hear from the house of representatives. we've planned to go forward over here, but until we hear from the house all our work is for naught. i await word from the speaker. >> reporter: in the meantime, there's general agreement that translating the complex gang of six plan into legislation and votes before august second, is likely unrealistic. that could put the short-term emphasis back on a senate backup plan to let the president raise
. >> that money could make a big difference to a lot of people. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy productive life. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> warner: once again today, debt-laden governments in europe grappled with massive public anger over austerity measures they'd imposed. in greece, the government won a bitter struggle today to rein in debt for bailout help. and in britain, civil servants took the streets. a tense calm returned to athens, greece today, but shards of glass lay strewn on the sidewalks and charred debris was stacked in the streets. they were the remnants of riots that raged into the night as protesters set fires and battled police, who fought back with clouds of tear gas. even so, the greek parliament voted today to implement the austerity measures it had endorsed yesterday. the international
the big fireworks show they're getting ready for on monday. two concerts on the steps of the capitol, also at the washington monument. but from coast to coast, we're talking beaches and barbecues and camping and celebration. july 1st and the 2011 great escape is on. ♪ hot fun in the summertime >> reporter: from yosemite in the west. >> i like the girls the best. >> reporter: aaa says 39 million americans will travel 59 miles or more this long weekend. that's 1 million fewer than last year. >> reporter: you can blame the pain at pump. the national average for unleaded now $3.54 a gallon, down from the high of $3.98 on may 4th. but still 80 cents higher than a year ago. >> it's still tough because we're still kind of transitioning from how high the gas prices were so we've got in the habit of not traveling as much. >> reporter: the big surprise? while fewer people are driving than a year ago, more people are flying. air travel is up 9% this summer. >> for some people, it actually may be more convenient and cheaper to fly than to drive this year. >> reporter: and airline ticket prices are a
a big jobs generator, the place they call the space coast. but in particular today i spent some time talking with travis thompson who has spent 33 years here at the kennedy space center working on the shuttle program. he is the lead technician on the clogout crew, the guys who button them up, the astronauts, strap them in, shut the door and send them off to space. he and his team, it was a very emotional day for them. as they were finishing up their job they had put together a series of cards with messages talking about their appreciation for the program, their patted rotism and frankly -- patriotism and their sadness, and the final word was god bless america, held by travis thompson himself. this is travis thompson's last day on the job, after 100 shuttle missions, getting the crews strapped in and ready to go to space, tomorrow he has no job. where he is going to go to work. as he said, my job is putting human beings in spacecraft to go to space. i don't see a lot of prospects for doing that somewhere else. so it is a poignant moment for him. >> so finally, miles, look back with us
for the auto industry. we examine the new round of labor talks between the u.a.w. and detroit's big three. >> ifill: ray suarez gets an update on the turmoil in libya. >> brown: and we close with a paul solman story about a convicted murderer and middle school dropout who now makes $80,000 a year after completing college while behind bars. >> these are my dreams. i fit in right here, but this is what i'm looking at, this is where i want to be, this is where i can be, this is where i deserve to be. >> brown: that's all ahead on tonight's "newshour." major funding for the pbs newshour has been provided by: >> i mean, where would we be without small businesses? >> we need small businesses. >> they're the ones that help drive growth. >> like electricians, mechanics, carpenters. >> they strengthen our communities. >> every year, chevron spends billions with small businesses. that goes right to the heart of local communities, providing jobs, keeping people at work. they depend on us. >> the economy depends on them. >> and we depend on them. and by the alfred p. sloan foundation. supporting scie
, materials. >> that money could make a big difference to a lot of people. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy productive life. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: high-level democrats and republicans alike said today's meeting at the white house marked the beginning of the end game in reaching a final deal on deficit reduction. the president and congressional leaders convened in the white house cabinet room, amid talk of a grand bargain involving social security, medicare and tax reform. when it was over, mr. obama made an unscheduled appearance in the briefing room. >> i thought it was a very constructive meeting. people were frank. we discussed the various options available to us. everybody re-confirmed the importance of completing our work and raising the debt limit ceiling so that the full faith and
so we've got in the habit of not traveling as much. >> reporter: the big surprise? while fewer people are driving than a year ago, more people are flying. air travel is up 9% this summer. >> for some people, it actually may be more convenient and cheaper to fly than to drive this year. >> reporter: and airline ticket prices are also up, 11% on average. >> we're cutting back on trips and staying home more. >> it is a pretty exciting trip. the first time that anna and i have ever been anywhere together on a trip like this over the big pond. ♪ >> reporter: the top family destination this summer -- orlando. the top destinations for singles and couples -- las vegas, new york, chicago, and seattle. the good news? experts say there are plenty of flexible hotel deals out there, especially orlando, reno, portland, seattle and colorado. >> free nights, free room upgrades, kids stay free, resort credits. take advantage of all of those offerings to offset higher gas prices and higher airfares. >> reporter: back on the maryland shore, a yearly ritual -- >> every year i bring my kids here just to
when negotiations with the taliban move forward and it also may have very big repercussions for the u.s. effort in the south. people called president hamid karzai's brother a corrupt gangster. but the cia's former head of counterterrorism says the u.s. may miss him. >> it's quite like live that what follows is going to be something that will not work to our interest. >> reporter: an afghan official says he was gunned down in his own home, shot in the head and chest by his own guard. the taliban took credit, but it's not clear if the shooter was really working for them. >> the united states condemns in the strongest possible terms the murder of president karzai's half brother in kandahar. >> a u.s. official said quote, while we must deal with ahm ahmed wali karzai, he's widely understood to be corrupt and narcotics trafficker. the state department and u.s. military were trying to build trust in the afghan government. they frequently criticized ahmed wali, but the cia worked with him. >> i think often parts of the u.s. government were working at cross purposes where ahmed wali was conce
mean they've got to pass something big and get it implemented quickly if we're not going to blow past that anyway. >> they really do. you heard secretary geithner yesterday saying that essentially we're running out of runway now and this is something that everyone has been dealing with for many, many months. what speaker boehner, according to one republican source, told gop lawmakers yesterday, is that they have to vote on some kind of a plan by wednesday and they have to post it on-line by today. so, you know, these are pretty tight deadlines that they're up against right now and last check, you know, they're still not close on a deal yet. nonetheless they have to get something done as he pointed out by wednesday to meet that august 2nd deadline. >> they don't have to be tight deadlines. >> never has to be tight deadlines. >> this is a crisis made in washington. >> as mark preston told me about half an hour ago, on the phone, he said guys, it's washington. that's -- >> this is how it always works. >> we'll be with you, talking many times. i have to tell you, grover norquist, the pres
into phone hacks and bribes to the police. >>> some of the other big stories we're keeping an eye on. we are learning president obama plans to meet with house and senate democratic leadership this afternoon at the white house. 2:50 p.m., to be exact. this all because we're less than two weeks away from the federal government defaulting on its obligations, and congress has yet to work out a deal. president obama's debt-cutting plan can't pass the house and the plan from house republicans can't pass the senate. house speaker john boehner reiterated tuesday that default is not in the cards. and also on tuesday, the so-called gang of six unveiled their plans. it was called, quote, more plan to have a plan. republicans are united against any tax increases, and democrats are against inentitlement reform. >>> american airlines is replacing its fleet with hundreds of new planes from boeings and airbuses. the new aircraft order will replace the fleet with more fuel efficient planes. it calls for 460 planes. boeing says the new planes are 5% more fuel efficient than older generations that were bui
lanes opened after an accident with big rigs approaching high street north of the coliseum. we were seeing a slight backup there. all lanes re-opened. didn't take long for things to quickly recover. i mentioned two accidents? we are still dealing with one in the southbound direction. this is southbound 880 approaching embarcadero. and unfortunately, it sounds like still the right lane is blocked. this is another accident involving a couple of cars. still picking up slowing on our sensors almost to the 980 interchange so we'll continue to watch that hotspot. and the bay bridge in the meantime. back to you guys. >> thank you. >>> time now 6:08. a stunning verdict in the casey anthony trial. the emotional insight one alternate juror is giving about that high-profile case. >> plus, gay history in the classroom. the landmark bill signature on the governor's test -- sitting on the governor's desk. >>> and it could be a game changer from facebook. coming up. ,, ,, it's really delicious, mom. it's not too well done? nope. but it is a job well done. what are you reading, sweetie? her diary.
is on the scene of a big accident on interstate 280. chp has issued a sig laertd. >> good morning. we have an issue behind me a live shot there. we've got a sig alert in effect this morning, roadway is shut down. this was video taken earlier this morning. 280 northbound at 19th street off-ramp. it remains closed while the officers and officials do their investigation. a car versus a pedestrian there. did not fare well for the pedestrian. 19th off-ramp remains closed at this hour while the investigation is ongoing. your alternate route would be junipero sierra boulevard. we do have a high wind advisory on the bay bridge. >>> our top story, reviews get underway on the controversial bart police shooting that killed a man at a san francisco station. last night ang bring gri protestors managed to shut down three stations during the commute. amy hollyfield is live at the civic center with the very latest. >> we are in oakland at the kaiser center. this is where the reviews will get underway. there will be bart officials looking into this and a citizen review board and have public outrage to answ
. is that realistic at this point. >> well, in terms of getting that big agreement, it looks highly unlikely at this point, but certainly as you pointed out, the president joking that his campaign was built on hope and change. it will be interesting to see if that hope will also win out in this debate. but, look, what the president is pushing for still is the biggest deal possible. he acknowledged, though, that it's hard to do that, but nonetheless, he has been telling congressional lawmakers during negotiations all this week that if they can't get the biggest deal possible to attack the problem of the debt and the deficit over the long term, then they should still be ambitious. >> we are obviously running out of time, and so what i have said to the members of congress is that, you need over the next 24 to 36 hours to give me some sense of what your plan is to get the debt ceiling raised through whatever mechanisms they can think about and show me a plan in terms of what you're doing for deficit and debt reduction. if they show me a serious plan, i am ready to move. even if it requires some
picture, you can sea fog into oakland and hayward. up and down the coastline, fall is known to be a big issue. can into the 7:00 p.m. hour, fog into our inland valleys. it is all over the place. in the later morning, oakland, hayward and down the peninsula as well as mill valley and san rafael. let's look at temperatures around the bay area, tomorrow we will stay on the cool side. '60s and '70s. here are high temperatures for tomorrow. coast to a clothesline -- close to the clothesline, dense fog and drizzle. the valley is well below average for this time of year. we are about 15 degrees below where we should be. in the south bay, '60s and '70s. here is a look at your 7 day around the bay forecast. foggy and cool weather throughout the entire week. drizzle coast hocke-- drizzled close to the coastline. warmer temperatures as we head into next week. >> actress mila kuni,s a month ago a u.s. marine in afghanistan posted this video on the youtube asking her out. the actress did accept the invitation. pay part of a movie history winds up in flames, firefighters faced some intense flames i
a deal, it starts to weaken the white house i guess. >> reporter: a big deal of deficit reduction obviously is feeling very elusive and chances of doing something like that seem to be very slim at this point. in terms of the debt ceiling, they are very much relying on a plan being worked out by senators reed and mcconnell, top democrat and republican in the senate, to move something forward so the senate can take a lead and the house can then follow suit maybe making some changes. i think right now that's the best hope. i do want to tell you looking at the president's schedule today, it's mighty bare. his normal presidential briefing and meetings with senior advisers but certainly there's a lot of room built in there for any sort of communication he needs to do with congress. >> right. there was talk they are working through the weekend so they are doing everything possible to come to an agreement. >> over night too. >> u.s. and libya hosting secret face to face talks since the libyan conflict began four months ago. the point of the weekend meeting was to send a clear message to m
in new york city. here's why. big area of high pres keeping that jet stream way up to the north. this is just a heat pump that will continue. and the bad news is, this goes into at least thursday. in fact, jet stream guns up a little further into canada so that heat will be creeping up north as the ridge intensifies. we don't see this breaking down at least until the weekend. so the mid section of the country is going to continue to bake the northeast gets a little bit of a break as we head on into the next 72 hours. ann? >> all right, al, thank you so much. we'll get the rest of your forecast in a bit. >>> for now, to britain's deepening phone hacking scandal. this morning there are claims that journalists from other rupert murdoch owned newspapers were involve and the alleged target is former p.m. gordon brown. stephanie goss is in london with this. stephanie, good morning. >> good morning, ann. gordon brown does not mince his words when he spoke to the bbc this morning about rupert murdoch's papers. he said those papers used people to gather information on, his words, known c
. >> reporter: but house speaker john boehner claims his debt limit plan has been revived after a big last-minute fix. republicans reworked the package and now it's projected to cut more. $917 billion over ten years. >> it is a test. this is a big step trying to get control of our deficit and our debt. >> reporter: in an interview with brian williams for sunday special "taking the hill, inside congress" boehner played down the loud opposition from some of his own members. >> mr. speaker, is it fair to say that you have a bit of a rebellion on your hands or do you feel -- >> i have a little bit of rebellion on my hands every day. it comes with the territory. >> you don't worry? >> never let them see you sweat. >> reporter: the speaker is getting heat from democrats too. more than 50 just signed a letter saying they would block his plan because it would force us once again to face the threat of default in five or six short months. majority leader harry reid wants to kill the boehner bill and replace it with his own. >> i'm disappointed. i care about john boehner. i think he's a good person.
targeted, it's basically not a big deal, now he's realized what a catastrophic error of judgment that was because the woman that's replaced him on this inquiry, sue acres, is saying up to 4,000 people could have been targeted by the newspapers. >> what about the implications that this is not just the now defunct "news of the world," but other papers? >> yeah. i think this is really significant and really bad news for news international. it's no longer just confined to "news of the world," the paper that they closed down, realizing it had become toxic as a brand. it's now spread to "the sun" and "sunday times." both so far have not been shown to have used phone hacking, but they have been shown to use what, at best, slightly underhand techniques, at worst illegal activities to get information. "the sun" is maintaining it got the medical records without breaking the law. "the sunday times" saying there was a legitimate public interest in looking into gordon brown's bank details and so on on a tip, but there was some sort of corruption there or something which was all proved to be u
that it's summer we're stuck in an active and persistent summer pattern with a big ridge of high pressure entrenched over the middle part of the country. the good news is we have relief on the way for the northeast by the end of the week. the jet stream and cooler air comes in from the north. however, by the time we head into the weekend that heat, the 90s and the triple digits, building back into the northern plains so no relief in sight at all for much of the south, in particular, the southern plains and, ann, keep in mind we're coming up on what's typically the hottest time of the year and that's july. >> thanks for the warning. >>> in washington, where the prospect of a major deal on raising the debt ceiling and fix the country's budget problems seems to be slipping away. chief white house correspondent chuck todd now joins us. chuck? >> reporter: ann, it wasn't the heat, it was the debt ceiling here in washington. lots of heated rhetoric. it got ugly and even a bizarre proposal in congress that could be a back doorway to solve the crisis. here's the president in an interview with cbs
Search Results 0 to 49 of about 85 (some duplicates have been removed)